21 November 2016
Exponent turns to Macfarlanes for ENRA acquisition
Macfarlanes has advised Exponent Private Equity (Exponent) on its acquisition of a majority stake in ENRA Group (ENRA), the specialist provider of mortgage finance, from management and Livingbridge.
ENRA lends and brokes short term bridge mortgages as well as distributing specialist second charge and buy-to-let products. Exponent intends to fund ENRA's expansion into the specialist buy-to-let and second charge mortgage market, continuing to focus on products that meet the needs of underserved customers in a sector that is experiencing significant change.
The Macfarlanes team was led by corporate M&A partner Charles Meek, with partner Emmie Jones and senior solicitors Chris Daniel and Adam Levine. Financial Services partner Paul Ellison and solicitor Alexandra Green also advised.
The transaction is subject to FCA approval.
